10 steps to incorporating in Ireland

The procedures to set up a new business entity and open a fresh corporate bank account in Ireland are straightforward and can be accomplished in five weeks. Our Client will not be required to travel to Ireland as our local agent will complete all procedures on his behalf. The main steps for incorporating a business in Ireland include:

PRE-INCORPORATION PLANNING

Consultation: Before starting off with Ireland company incorporation, Healy Consultants and the Client agree on the following: i) settling the requisite fees for engagement, ii) proposed business activity and license, iii) availability of company names (in order of preference) and iv) share capital requirements;

Name reservation: A dedicated relationship manager from our team would thereafter perform a business name search with the Companies Registration Office (CRO) to confirm the availability of our Client’s preferred names. If available, we file a Form RCN to reserve the name for the Client’s company;

Appointing resident directors: Companies in Ireland are required to appoint one secretary and at least one director who is ordinarily an EEA (European Economic Area) resident. If possible, our Client provides us with the passport copies and address proofs for their proposed directors. Alternatively, we provide our Client our professional Irish nominee director services.

INCORPORATION PROCESS

Document preparation: Our Firm prepares the i) memorandum of association, ii) board resolution and iii) director/shareholder consent forms required for submission of the Ireland company setup applications with the CRO. In addition, we prefill Form A1 on behalf of our Client and all other required forms and email them to our Client for signature or e-signature;

Company Incorporation: Once we receive all the documents, we submit the same to the CRO to complete the incorporation of the new company. The company will be registered within five business days, after which we immediately email the certificate of Incorporation (COI) to the Client.

POST-INCORPORATION PROCEDURE

Tax registration: We register our Client’s company for corporate tax by completing and submitting Form TR2 with the CRO;

Corporate bank account opening: Subsequently, we open a local corporate bank account with our Client’s preferred bank. Our Client will need to sign-off original corporate bank account forms and courier to our agent in Ireland. We work with internationally recognized banks including HSBC, SCB, and local banks such as Bank of Ireland and Ulster bank. Immediately after bank account opening, our Client deposits the initial share capital of the company (if any);

Internet banking activation: Following corporate bank account number issuance, we request the bank to activate internet banking services and issue tokens to the company’s directors. We expect this process to be completed within a business week;

Engagement completion: The Ireland engagement is now successfully completed. We dispatch a company kit to our Client, which includes the company’s original corporate documents, unopened bank correspondences and a Client feedback survey.

Frequently asked questions

Is a company secretary required for Ireland business incorporation?

Yes. A company secretary will be required when our Clients incorporate an Ireland company.

What is the share capital required for incorporating a company in Ireland?

When incorporating in Ireland, we advise our Clients to deposit €100,000 as share capital.

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Testimonial

“Pirster Pte is happy with the work that Healy Consultants undertook for the company. International incorporation can be fraught with opacity, anxiety and vulnerability - especially if it is being done remotely as we did. Healy Consultants worked really hard to make it transparent, straight forward and confidence-inspiring. I look forward to working with Healey Consultants again on future work and happily recommend them to others.”

Fiona Thompson, Managing Director Pirster Pte.

“We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them.”

“Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised.”

“Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner.”

Terry Skews, CEO Brittany Offshore Limited

“Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team.”

“Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations.”

“The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions.”

Raja Chakraborty, Director Streamlyn Pte. Ltd.

“Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain.”

“When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now.”

Timothy F Kauffman, CEO Trivector Services

“Finding the right partner was critical for VESL’s expansion in Asia and working with Healy Consultants has made this possible.”

“Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years.”

Susan Gunnery, Managing Director Qudoss Group

“Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details.”